Archived Story

Budget at almost $6 million

Published 11:04am Wednesday, March 26, 2014

The total amount available for expenditures in the Ironton city budget is $5,892,630.21, the bulk of which — $2.5 million — comes from income taxes. Municipal fees account for another $896,400. Other big money funds outlined in the budget include the Local Government Fund at $235,000; municipal court (criminal) at $215,000; transfer from fire fee fund at $215,995; and indirect cost — reimbursements at $293,915.

The city’s total general fund expenses are estimated at $5,461,030.36, which projects a cash balance of $431,599.85 on Dec. 31, 2014.

Usage fees for the city’s sewage system will bring in a projected $1.2 million and that added to a prior year encumbrance of $834,535.34 and other revenue outlined in the fund totals $2,050,325.34 available for expenditure this fiscal year.

Gasoline taxes account for $350,000 of the city’s projected $468,266.72 street fund revenue and with expenditures projected at $446,013.88 a Dec. 31, 2014, cash balance of $22,252.84 is expected.

The demolition fund carried over $25,894.47 and a reimbursement from the State of Ohio of $13,000 creates $38,894.47 available for expenditure.

One fund that had one of the bigger prior year encumbrances is the wastewater treatment equipment replacement fund, which carried $393,567.34 over from last fiscal year.

The water treatment equipment replacement fund ended fiscal year 2013 $11,865.32 in the red but is projected to end 2014 with a cash balance of $6,234.68.

The municipal court projects fund had a prior year encumbrance of $256,159.70 and with only $50,000 in 2014 expenses projected and revenue of $73,000 the projected cash balance on Dec. 31 of this year is $279,159.70.

 

Editor's Picks

Special needs camp teaches bike-riding

HUNTINGTON, W.Va. — The father didn’t want anyone to see, so he tried to casually brush them away. But the tears that welled in his ... Read more

Antique equipment shows off history

Ohio lies in a unique position within the United States, with part of the state situated in the Mid-West and the southeastern portion of the ... Read more

Unexpected heroes

Passersby help people trapped in burning house   Heroes don’t always wear capes, uniforms or badges. They aren’t always scanning the skies, or roaming alleyways ... Read more

Rescuer tries to save orphaned fawn

ROME TOWNSHIP — A hunter taking a deer out of season Monday afternoon left two orphans — one apparently lost to the woods and the ... Read more  | 2 comments

beliefs